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Are we *still* playing Buzzword Bingo ?
"and (more often) exceedingly wealthy individuals "
OK, Simon probably isn't on the editorial team ...
One Show
and congratulations to Richard Murphy for a great piece on the One Show last night to make all this ever so slightly accessible to the masses. He successfully managed not to be upstaged by Rob Brydon, which was an achievement in itself!
Star Chamber
Stalin didn't even bother with a Star Chamber. The PAC is not entirely similar as it has no sanctions, if you don't give into bullying by gluttonous publicity seekers. I don't want to be taxed by Hodge and Murphy although in fact despite all the bluster and whingeing neither specifies exactly what their alternative tax system would look like. I don't really want to be taxed by the establishment, Eton Christ Church and the Guards, and judges who have never travelled on a bus who interpret Finance Bills rammed through without effective opposition (though now with at least a degree of prior consultation).
HMG has just enacted pages of new CFC legislation which if enacted by a tax haven it would have damned as harmful tax competition. Much of it is designed to attract overseas groups here on the basis of low tax like the non-resident finance subsidiary with an exemption or effective UK tax rate of 25% of the main CT rate. What do Hodge and Murphy make of that? This is Government sponsored tax avoidance. Pass the port.